Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s as Singapore emerged as a global financial center. Leveraging its strategic geographical location, robust financial infrastructure, and open policy environment, it has become one of the world's key hubs for forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, our on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Stcwelt in Singapore as scheduled. According to public information, its office address is 105 Cecil St, Singapore 069534.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Singapore according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the dealer Stcwelt.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 105 Cecil St, Singapore 069534 Stcwelt.

The field investigator successfully arrived at the target building, which is located in a prime area of Singapore with a strong commercial atmosphere. However, no company signage or related information for Stcwelt was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security personnel, obtained entry permission. However, no information related to Stcwelt was found on the directory board inside the building.

Due to the inability to determine the specific floor and location, the on-site inspectors were unable to reach the target floor. Consequently, they could not confirm whether the company's office area had clear signage or security measures, nor could they gain access to the interior. Additionally, they were unable to photograph the reception desk and its logo, and the office space in question is not a shared workspace.

Since access to the company's interior was not possible, observations through glass doors and other means also failed to reveal details about the internal environment, decoration style, or employee activities. Overall, the actual situation does not align with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer Stcwelt does not exist at the above address.

Conclusion

The inspection team visited the foreign exchange broker Stcwelt in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the sole basis for final decisions.